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Cox Radio, Inc. is one of the largest radio broadcasting companies in the United States, based on revenues. The Company operates, acquires and develops radio stations primarily in markets ranked 10-70 based on revenues. A majority of the Company's stations are concentrated in the Sunbelt. Cox Radio, part of the Cox Media Group, owns, operates and provide sales and marketing services to 86 stations in 19 markets. This radio portfolio includes 71 FM stations and 15 AM stations. In 16 of its 19 markets, Cox Radio operates three or more stations. The Company's radio stations are characterized by strong ratings. Cox Radio owns a Top 10 ranked station in each of its 18 markets. More market information. Our development philosophy includes a clustering strategy while maintaining a solid station mix across high-growth areas. Clustering allows us to serve a broader, more diverse audience and become more involved in our communities with maximum economies of scale. Mixing developing, start-up and mature stations allows us to pursue both growth and cash flow consistency.

Cumulus Media is America’s second largest owner of radio stations and the premier local marketing company in 68 cities across the US. Our radio and digital brands target numerous large and demographically-distinct audiences in each of these markets. In aggregate, our local media brands typically reach more consumers than the newspaper or dozens of combined cable channels. And unlike those other media, our properties can deliver a message to the same consumers with unparalleled frequency. Cumulus strives to create the next generation radio broadcasting enterprise, based on great people and technological excellence, that will provide high quality, local programming choices for our listeners; targeted audiences with disposable income and buying preferences for our advertisers; challenging career environments for our employees; and wealth generation opportunities for our shareholders.

The Curtis Media Group, through its wholly owned and affiliated companies, now operates North Carolina's largest network of stations. Over one million North Carolina citizens listen to one or more of the CMG stations each week. Headed by Donald W. Curtis, the groups of companies include Carolina Media Group, Inc., Carolina Radio Group, Inc., Great American Media, Ltd. 1, Coastal Plains Media, Inc., New Age Communications, Ltd., Curtis Radio Group, Inc., and First State Communications, Inc. The Company is based in Raleigh, North Carolina where the flagship stations of the first 25 years have been through a period of significant growth. The Company has purchased smaller stations, building them up, selling them, and buying into bigger markets.

One of the nation's most respected diversified communications companies, Emmis Communications (NASDAQ: EMMS) owns and operates radio and magazine entities in large and medium sized markets throughout the U.S. Emmis is the 9th largest radio group in the U.S (based on listeners) . and has been voted the Most Respected Radio Company in a poll of industry CEOs. Over the last two decades, Emmis has created one of the most unique work environments in the communications industry - the Emmis Culture. The envy of many of our peers, this culture carries at its heart the belief that, in order to succeed, a company must take risks, treat its people well and give them the tools they need to win. It has earned us a reputation as a fun, exciting and innovative company where every individual is a part of the team. Every employee is a stockholder at Emmis. The Emmis culture breeds creativity and innovation. Employees at every level are encouraged to think out of the box, experiment, and contribute.

Entercom is one of the largest radio broadcasting companies in the United States. Entercom is one of the five largest radio broadcasting companies in the United States, with a nationwide portfolio of 110 stations in 23 markets, including San Francisco, Boston, Seattle, Denver, Portland, Sacramento and Kansas City. Known for developing unique and highly successful, locally programmed stations, Entercom is home to some of radio's most distinguished brands and compelling personalities. The company is also the radio broadcast partner of the Boston Red Sox, Boston Celtics, Kansas City Royals, New Orleans Saints and Buffalo Sabres. Entercom focuses on creating effective integrated marketing solutions for its customers that incorporate the company's audio, digital and experiential assets. Entercom company has a long-standing commitment to responsible corporate citizenship and environmental stewardship. Entercom stations play a vital, hands-on role in improving their communities, providing over $100 million in annual support for local charitable organizations. Entercom company's radio stations have received numerous awards, including multiple Edward R. Murrow Awards for excellence in broadcast journalism and National Association of Broadcasters (NAB) Marconi Awards for excellence in radio broadcasting.In 2007, Forbes magazine named Entercom one of America's "Most Trustworthy Companies."

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